TD Banknorth has 10 branches and $443 million in deposits in the Capital Region, according to Federal Deposit Insurance Corp. statistics.

The company, headquartered in Portland, Maine, is owned by Dominion Bank of Toronto.

Verrill said the bank is in the process of deciding whether or not to close or consolidate some of its 600 branches in the United States, according to Reuters. The reason is that “aggressive” competition is cutting into profits, he was quoted saying.